Kunzwisisa Basic EPS uye Diluted EPS
The Definition of EPS
Zvimwe chete, EPS inotsanangurwa iyo inomirira Mitsva Per Share.
Zvechokwadi, kune marudzi maviri emakambani eEPS apo vashandi vanogona kusangana pavanodzidza chikwata chemari yekambani nekutora mushumo wegore kana Fomu 10-K : Basic EPS uye Diluted EPS. Zvose zvinoudza mubhadhadziro kana kuti anokwanisa kutenga mari zvinhu zvakasiyana.
- Chechi EPS - Kambani yeEpic EPS, kana Mhemberero Yakawanda Pamwe Nega, ndiyo chiitiko chinoguma apo bhizinesi rinotora purogiramu yaibhadhara pane imwe nguva, zvichida chechina kana gore, uye inoritamura nehuwandu hwezvikamu zve nhamba iyo kambani yakanga yabudisa uye yakakosha. Kana iyo kambani yakagamuchira $ 500 mamiriyoni uye yakave nemamiriyoni 250 emiganhu yematengo yakabudiswa uye yakasarudzwa, Basic EPS ingadai iri $ 2.00 nokuti $ 500 mamiriyoni mari inopatsanurwa nemamiriyoni 250 emadhora = $ 2.00
- Diluted EPS - Diluted EPS yekambani yakafanana chete kunze kwekuti zvikamu zvakakosha chiverengi zvinoshandiswa kuisa zvikamu zvingave kana zvichazobudiswa mune remangwana, zvakadai sezvo zvinosangana nevanoshandira zvigadzirwa zvekutsvaga, zvigadziriswa zvinoshandiswa muhomwe , mabhizimisi , kana zvimwe zvekuchengetedzwa kwekuchengetedza . Kana kambani ine ruzivo rwakakura rwekugadziriswa kwemabhuku mumabhuku, "Echokwadi" EPS nhamba yaizove yakaderera pane yekutanga EPS mumakore anobatsira nokuti mari yakawanikwa inofanira kuparadzaniswa nemamwe masangano. Somunhu, pandinenge ndichiongorora pamwe chete nekuongororwa kwekambani yekuchengetedza mararamiro achandichengetedza pfuma yemhuri yangu pamwe chete nehupfumi hwehupfumi uye huwandu hwepamusoro hunobatsira vatengi vanoisa pamwe nesu, Kennon-Green & Co., Ini ndiri kufarira zvikuru kuDirectuted EPS. Ndinofunga kuti Basic EPS haina kukosha zvakanyanya pakufananidza kusina zvimwe zviitiko zvakadai sekutenda kwakasimba kuti kubviswa hakuzoitiki nekuda kwechikonzero chimwe kana chimwe. (Muzvokwadi, izvo zvandinoda kushandisa hazvisi EPS zvachose, asi pane kugadziriswa kwemari yakasununguka inozivikanwa seMuridzi weMari.)
The Reason Reason Basic EPS uye Diluted EPS Dhiyabhorosi Zvakakosha kune Vashandi vatsva
Nei EPS yakakosha zvikuru? Vashandi vakawanda vanochengeteka vanoshandisa Basic EPS uye Diluted EPS kuti verengai kuti vanofungidzira chikwata chakakosha sei. Kunyanya, EPS inoumba hwaro hwezvidimbu zvakakosha zvemari zvinosanganisira:
- Iko-ku-Kuwana Mubayiro kana P / E Ratio - Chikamu chep / e chesaiti chinokutaurira kuti makore mangani zvaizotora kambani yeEPS inokosha yekubhadhara iwe zvakare mari yako yekutsvaga kubhadhara mitero yaifanira kubhadharwa pakugovera, kwaive pasina kukura, uye mari yose yaibhadharwa yakabhadharwa semari inowanikwa mari. Nhamba yep / e inogona kuchinjwa kuti iverenge mari yekukohwa.
- I-PEG Ratio - Mutengo wekutsvaga mari yekuwedzera, kana peG ratio, iyo inoshandiswa fomu yep / e chiyero chinotora EPS yekutanga uye inotarisa p / e chiyero pamwe nekugadziriswa kwekusimudzirwa kunowanikwa muzvikamu zvega pamusoro pemakore anotevera. Kuti udzidze zvakawanda pamusoro peizvi, verenga Shandisa PEG Ratio kuti Uone Zvakavanzwa Stock Gems .
- The Dividend-Adjusted PEG Ratio - Kuenda kune rimwe danho rinowedzera, chikamu chinokonzerwa-chigadziriswa-ku-kuwana mari yekuwedzera, kana chikamu chinoshandurwa chinonzi PEG ratio, inoshandiswa fomu yePGG iyo inotora nhamba yeEPS yekutanga uye inofunga nezve kuongororwa kwete chete kuwedzera kwakatarisira mune ramangwana rekuwana mugove wega wega asiwo mugove wekugovera , pamwe chete. Kuti udzidze zvakawanda pamusoro peizvi, verenga The Dividend-Adjusted PEG Ratio Inogona Kukubatsira Kuti Uwane Unervalued Blue Chip Stocks .
Kuenzanisa iyo yakawanda kuEPS kubhadhara kambani inogona kuva yakaoma. Vamwe vatengesi vanoisa mitemo yakaoma uye inokurumidza, iyo haisati iri yakangwara sokuti haina kuwedzera mukutengesa, mitero, uye pangozi , sekunge kungobhadhara 10x mibairo yekutengesa. Vamwe vanhu vanobhadhara 8.5x EPS + chirongwa chinotarisirwa chekukura muEPS, iyo yaiva yeramangwana rakasimbiswa nemushambadzi wezvakanaka Benjamin Graham. Izvi zvinoreva, kana kambani ichingokura pa15%, Graham akati iwe haufaniri kubhadhara kupfuura 8.5x + 15 = 23.5x yakaderedzwa EPS.
Kune kambani inowana $ 2.00 EPS, iyo inenge iine $ 47 yega yega nokuti 23.5 x $ 2.00 = $ 47.
Basic EPS uye Diluted EPS inokoshawo nokuti zvikwereti zvinowanzobhadharwa kubva muzvikwereti. Kana kambani ine EPS ye $ 2.00, haikwanisi kubhadhara zvikamu zve $ 3.00 nekusingaperi. Hazvisi nyore. Vabhadhari vatengesi vanotarisa peresenti yeEPS yakabhadharwa sezvikamu zvekutarisa kuti "kuchengeteka" chikamu chekugoverana kwekambani ndechei. Kuti uwane mamwe mashoko pamusoro pehurukuro iyi, verenga Chii Chigoverwa Kuisa? .
Nokuda kwehurukuro yakafambira mberi, verenga mharidzo yangu pa Basic EPS vs. Diluted EPS , iyo iri chikamu cheChidzidzo cheInvesting chinotsanangura nzira yekuverenga zvinyorwa zvemari .